Following the announcement of their cooperation in June, the EuroPA alliance - represented by Bancomat, Bizum, MB WAY (SIBS), and Vipps MobilePay -and EPI Company (EPI) are thrilled to announce that the exploratory phase of their partnership is approaching its successful completion.
The next step is to finalize the feasibility study by December 2025, ahead of the implementation phase.
Building on existing connections between EuroPA participants, EPI, Bancomat, Bizum, MB WAY, and Vipps MobilePay intend to interconnect their respective solutions through a central technical hub, based on European standards and infrastructure.
This hub will enable over 120 million combined customers of the participating solutions to offer day-to-day, instant cross-border payments across the different use cases: send and receive money with friends and family (peer-to-peer transactions) and make purchases online and in-store (commercial transactions).
Consumers and merchants will continue using their preferred solutions, now with broader European reach.
The solution will support a variety of ways to pay to ensure a smooth and intuitive user experience, allowing users to operate with their preferred brand and familiar payment instruments, while leveraging existing European standards, including instant account-to-account payments as well as other technical set-ups.
The rollout will follow a phased approach starting with P2P transfers and gradually expanding to additional use cases. Initially, this initiative will cover the 13 markets already served by the participating solutions: Andorra, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain and Sweden.
This marks another major step toward a more independent, sovereign, and harmonized European payment set-up